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High Liner Foods Inc T.HLF

Alternate Symbol(s):  HLNFF

High Liner Foods Incorporated is a Canada-based processor and marketer of value-added frozen seafood. The Company produces a range of products from breaded and battered items to seafood entrees, that are sold to North American food retailers and foodservice distributors. In addition, it is a supplier of commodity products in the North American market. The retail channel includes grocery and club stores, and its products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Catch of the Day labels. The foodservice channel includes sales of seafood that is usually eaten outside the home and its branded products are sold through distributors to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood1 and FPI labels. The Company is also a supplier of private-label value-added frozen premium seafood products to North American food retailers and foodservice distributors.


TSX:HLF - Post by User

Bullboard Posts
Comment by puma1on Aug 21, 2018 7:04am
128 Views
Post# 28491034

RE:RE:RE:Don't get shaken out

RE:RE:RE:Don't get shaken out
wheelof fortune.......................... they generated under $1 million of adjusted ebitda from a $100 million dollar acquisition and  is the issue that has to be killing the stock price.

that p/e is more than really ugly ............................ 50 to 70 times p/e acquistion is a potential disaster  but frankly  i cannot believe they were that far off on their projections and the impact of 1 customer loss shouldn't hit margins that hard.

Anyway, unless they can load into the second quarter or leverage that US platform quickly this deal is going to really kill the next few years of capital spending because all of those profits from their broad portfolio will have to go to debt repayment.

 
Bullboard Posts